Silver Surges 32,000 Rupees in January: Is Now the Best Time to Buy?

• Silver prices surged by over 32,000 rupees in January, with March futures on MCX hitting a record 2,92,865 rupees per kilogram on January 16.
• The price increase is driven by strong industrial demand from sectors like solar energy, electronics, and electric vehicles, coupled with limited supply.
• Market experts predict silver could reach 3 lakh to 3.5 lakh rupees per kilogram in the mid-term and potentially 4 lakh rupees in the long term.
• Silver's industrial importance in India is growing due to government focus on renewable energy and infrastructure, attracting large investors.
• Experts advise caution for common investors due to silver's volatility; some suggest waiting for a correction to 2.50-2.60 lakh rupees per kilogram for safer buying.

Why It Matters: Silver prices have seen a significant jump due to industrial demand, but common investors should exercise caution.